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Home Decor Market

Global Home Decor Market Size, Share, Growth, Forecast: By Product Type: Home Textile, Floor Covering, Furniture, Lighting, Others; By Price: Premium, Mass; By Application: Indoor, Outdoor; By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, Online, Others; Regional Analysis; Competitive Landscape; 2023-2028

Global Home Decor Market Outlook

The global home decor market size reached a value of approximately USD 746.6 billion in 2022. The market is further projected to grow at a CAGR of 4.80% between 2023 and 2028, reaching a value of USD 989.14 billion by 2028.

 

Key Trends in the Market

Home decor refers to the aesthetic components used for making a home visually appealing and attractive. It includes physical objects and items such as art, furniture and accessories, placement of physical objects and items, and materials such as flooring, sealings, and coverings. Apart from increasing visual appeal, home decor helps in keeping homes well maintained and organised.

 

Global Home Decor Market

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  • The major trends propelling the growth of the global home decor market include increasing renovation and remodelling activities in residential sector. Renovation and remodelling allows homeowners to alter their surroundings to better suit their current needs without spending huge amount of money on moving and customising a new home.
  • The increasing influence of social media platforms such as Instagram and TikTok is boosting the consumption of content related to home decor products, with various brands wielding social media as a marketing tool by generating digestible and quality content. Advertising on social media platforms is cheaper, simpler, and convenient as most brands collaborate with influencers to make content and promote their products.
  • There is a growing availability of home decor across various distribution channels such as supermarkets and hypermarkets and speciality stores. Furthermore, the rising convenience of online shopping with facilities such as online payments and home delivery is aiding the home decor market growth.

 

Market Analysis

On the basis of product type, the market is divided into home textile, floor covering, furniture, and lighting, among others. Based on distribution channel, the market is segregated into supermarkets and hypermarkets, speciality stores, and online, among others. On the basis of price, the market is bifurcated into premium and mass.

 

Global Home Decor Market

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Based on application, the market is classified into indoor and outdoor. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global home decor market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Inter IKEA Systems B.V.
  • Forbo Holding Ltd
  • Armstrong World Industries, Inc.
  • Mannington Mills Inc.
  • Mohawk Industries, Inc.
  • Shaw Industries Group, Inc.
  • MillerKnoll, Inc.
  • Ashley Home Stores, Ltd.
  • Kimball International Inc.
  • Duresta Upholstery Ltd
  • Others

 

Market Share by Product Type

The furniture segment is expected to account for a significant portion in the global home decor market in the coming years. Growing preference for wood and laminated furniture on account of their long-lasting nature and premium quality is fuelling the segment growth. Additionally, increasing influence of western culture is boosting the adoption of walk-in wardrobes and modular kitchens, further increasing the applications of furniture in home decor.

 

Global Home Decor Market

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Market Share by Region

North America is anticipated to account for a significant portion of the market over the forecast period. The consumption of home decor products is propelling in the region due to the adoption of aggressive promotional strategies by key players and the rising collaborations between influencers and celebrities and brands. Additionally, increasing disposable incomes along with rising standards of living are further fuelling the utilisation of home decor and aiding the home decor market expansion.

 

Competitive Landscape

Forbo Holding Ltd is one of the leading producers of building and construction adhesives and floor coverings, among others. The company was founded in 1928 and is headquartered in Baar, Switzerland.

 

Armstrong World Industries, Inc. is one of the global leaders in manufacturing and designing innovative commercial and residential ceiling and suspension system solutions. The company was founded in 1860 and is based in Pennsylvania, United States.

 

Mannington Mills Inc. was founded in 1915 and is headquartered in New Jersey, United States. The company specialises in commercial and residential flooring, laminate floors, and residential and commercial carpets, among others.

 

Other major players in the home decor market include Inter IKEA Systems B.V., Mohawk Industries, Inc., Shaw Industries Group, Inc., MillerKnoll, Inc., Ashley Home Stores, Ltd., Kimball International Inc., and Duresta Upholstery Ltd, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Price
  • Application
  • Distribution Channel
  • Region
Breakup by Product Type
  • Home Textile
  • Floor Covering
  • Furniture
  • Lighting
  • Others
Breakup by Price
  • Premium
  • Mass
Breakup by Application
  • Indoor
  • Outdoor
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Inter IKEA Systems B.V.
  • Forbo Holding Ltd
  • Armstrong World Industries, Inc.
  • Mannington Mills Inc.
  • Mohawk Industries, Inc.
  • Shaw Industries Group, Inc.
  • MillerKnoll, Inc.
  • Ashley Home Stores, Ltd.
  • Kimball International Inc.
  • Duresta Upholstery Ltd
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface    
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Home Decor Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Home Decor Historical Market (2018-2022) 
    8.3    Global Home Decor Market Forecast (2023-2028)
    8.4    Global Home Decor Market by Product Type
        8.4.1    Home Textile
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
            8.4.1.3    Market by Type
                8.4.1.3.1    Bed Linen
                8.4.1.3.2    Bath Linen
                8.4.1.3.3    Kitchen Linen
                8.4.1.3.4    Upholstery 
                8.4.1.3.5    Others
        8.4.2    Floor Covering
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
            8.4.2.3    Market by Type
                8.4.2.3.1    Living Room
                8.4.2.3.2    Dining Room
                8.4.2.3.3    Kitchen
                8.4.2.3.4    Bedroom
                8.4.2.3.5    Others
        8.4.3    Furniture
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
            8.4.3.3    Market by Type
                8.4.3.3.1    Ceramics and Tiles
                8.4.3.3.2    Wood and Laminated
                8.4.3.3.3    Vinyl Flooring
                8.4.3.3.4    Carpets and Rugs
                8.4.3.3.5    Others
        8.4.4    Lighting
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
            8.4.4.3    Market by Type
                8.4.4.3.1    Lamps and Shades 
                8.4.4.3.2    Light Bulbs
                8.4.4.3.3    Chandeliers 
                8.4.4.3.4    Others
        8.4.5    Others
    8.5    Global Home Decor Market by Price
        8.5.1    Premium
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Mass
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Home Decor Market by Application
        8.6.1    Indoor
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Outdoor
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Home Decor Market by Distribution Channel
        8.7.1    Supermarkets and Hypermarkets
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Specialty Stores
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Online
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Others
    8.8    Global Home Decor Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Home Decor Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Home Decor Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Home Decor Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Home Decor Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Home Decor Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis  
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Inter IKEA Systems B.V.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Forbo Holding Ltd
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Armstrong World Industries, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Mannington Mills Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Mohawk Industries, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Shaw Industries Group, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    MillerKnoll, Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Ashley Home Stores, Ltd.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Kimball International Inc.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications 
        15.2.10    Duresta Upholstery Ltd
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others  
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Home Decor Market: Key Industry Highlights, 2018 and 2028 
2.    Global Home Decor Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Home Decor Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Home Decor Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5.    Global Home Decor Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6.    Global Home Decor Historical Market: Breakup by Price (USD Billion), 2018-2022
7.    Global Home Decor Market Forecast: Breakup by Price (USD Billion), 2023-2028
8.    Global Home Decor Historical Market: Breakup by Income Group (USD Billion), 2018-2022
9.    Global Home Decor Market Forecast: Breakup by Income Group (USD Billion), 2023-2028
10.    Global Home Decor Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Home Decor Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Home Decor Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Home Decor Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Home Decor Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Home Decor Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Home Decor Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Home Decor Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Home Decor Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Home Decor Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Home Decor Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Home Decor Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Home Decor Market Structure

Key Questions Answered in the Report

What was the global home decor market size in 2022?

The market reached a value of approximately USD 746.6 billion in 2022.

What is the growth rate of the global home decor market?

The market is projected to grow at a CAGR of 4.80% between 2023 and 2028.

What is the forecast outlook of the global home decor market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 989.14 billion by 2028.

What are the major market drivers?

The major market drivers include the expansion of the real estate sector and growing popularity of eco-friendly home décor objects and materials.

What are the key trends of the market?

The key trends fuelling the growth of the market include increasing renovation and remodelling activities, rising influence of social media platforms, and growing availability of home decor across various distribution channels.

What are the major regions in the market for home decor, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant distribution channels for home decor?

The significant distribution channels for home decor include supermarkets and hypermarkets, speciality stores, and online, among others.

Who are the key market players, according to the report?

The key players in the global home decor market are Inter IKEA Systems B.V., Forbo Holding Ltd, Armstrong World Industries, Inc., Mannington Mills Inc., Mohawk Industries, Inc., Shaw Industries Group, Inc., MillerKnoll, Inc., Ashley Home Stores, Ltd., Kimball International Inc., and Duresta Upholstery Ltd, among others.

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Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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